Togo: Lomé attracts WAEMU investors
Togo has just pulled off another masterstroke on the WAEMU(West African Economic and Monetary Union) regional financial market. When it issued treasury bills on Monday, the country was aiming to raise 30 billion CFA francs. The result: not only was the operation a success, but it also confirmed the premium of confidence enjoyed by Lomé among institutional and private investors in the sub-region.
If the budgetary performance is already remarkable, the appetite of investors is even more so. Bids exceeded 60 billion CFA francs, more than double the initial offer.
This massive oversubscription illustrates the credibility of the Togolese signature, the solidity of the reforms undertaken and the macroeconomic stability maintained by the government.
This success can be attributed to a number of factors, including rigorous management of public finances, a monetary policy coordinated with the BCEAO, and greater transparency in financial communications.
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The markets are particularly appreciative of Togo’s consistency in meeting its commitments and controlling its budget deficit, a key criterion for investors.
In addition to its purely financial performance, this operation reinforces Togo’s position as a key player in the regional financing market.
The funds raised will be used to support priority projects, particularly in infrastructure, energy and agriculture, thereby strengthening the growth momentum in Togo.
In addition to its purely financial performance, this operation reinforces Togo’s position as a key player in the regional financing market.
The funds raised will be used to support priority projects, particularly in infrastructure, energy and agriculture, thereby reinforcing the inclusive growth dynamic initiated in recent years.
Kodjovi Makafui
